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Israel's Knesset approved a NIS 662 billion ($205 billion) budget after political negotiations, with defense spending set at NIS 112 billion ($34 billion). The budget faces opposition over tax hikes and allocations for Haredi communities, risking early elections if not approved by March 2026.
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As of February 2, 2026, France's minority government led by Prime Minister Sébastien Lecornu has passed the 2026 budget after months of deadlock, using constitutional Article 49.3 to bypass parliamentary votes and surviving multiple no-confidence motions. Meanwhile, Israel's coalition faces a tough battle to approve its 2026 budget amid disputes over ultra-Orthodox military conscription exemptions, with key ultra-Orthodox factions signaling conditional support for initial budget readings.
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Israel's parliament narrowly approved a 662 billion shekel budget amid deep political polarization. The government faces a March deadline to pass key military conscription legislation, with ultra-Orthodox parties threatening to block the budget over exemptions for yeshiva students. Tensions threaten early elections.